The fall below the $60,000 resistance line is significant as it marks a psychological barrier for many investors. If bitcoin remains below this level, we could see increased volatility in the short term.
Mount Gox's upcoming payout to creditors, potentially exerting 'significant selling pressure,' and concerns over U.S. inflation and interest rates contribute to the uncertainty in Bitcoin's market direction.
#bitcoin-market-volatility #mt-gox-creditors-payout #us-inflation-impact #market-sentiment #btc-price-analysis
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